Delisting Old Mutual to eradicate economic distortions: Analysts

By ZBC Reporter THE recommendation by the ruling Zanu PF party to delist Old Mutual from Zimbabwe Stock Exchange seeks to realign the economy by creating a stable financial system…

Prof. Mthuli Ncube expected to set tone for price stability

By Stanely James CONSUMERS are expecting the 2020 mid-term fiscal policy review to increase the income-tax-free thresholds and stabilise prices for basic goods and services. The Covid-19 pandemic has impacted…

Volume of forex trade increases, US dollar now trading at 68.89 to the Zim dollar

By ZBC Reporter IN this Tuesday’s forex auction session results, the Zimbabwe dollar eased marginally 4,58 percent to $68.89 to the US dollar which also saw the volume of forex…

Zimbabwe’s power supply situation improves significantly

By ZBC Reporter PRODUCTIVE sectors have acknowledged stability and improvement in power supply in the country. Power supply interventions by government are yielding positive results, with industry acknowledging improved operational…

Jack Ma cashes out billions of dollars in Alibaba shares as stock booms

Alibaba founder Jack Ma has sold billions of dollars worth of his shares in the Chinese ecommerce company over the past year as its stock has skyrocketed by about 50%.…

Millers propose to pay maize farmers in USD

The Grain Millers Association of Zimbabwe (GMAZ), is seeking permission from the Government to buy maize directly from farmers and pay them in US dollars as part of empowering the…

AfDB predicts Zimbabwe’s economic recovery

BY ZBC Reporter The African Development Bank (AfDB) is predicting Zimbabwe’s economy to recover next year after the negative effects of Covid-19 on production this year. In its latest African…

Government warns organisations using Covid-19 donations to evade duty

BY ZBC Reporter THE Government has warned organisations using COVID-19 and Cyclone Idai donations as publicity stunts to evade paying duty. Some companies are allegedly using Covid-19 and Cyclone Idai…

Two years old agro-processing company now exporting into SADC

By ZBC Reporter ZIMBABWE’S trade promotion body, Zimtrade, continues to showcase the abundant business opportunities in the country, with an agro-processing company formed two years ago now exporting to the…

Increasing production key in exchange rate stabilisation: Govt

By ZBC Reporter The government says increasing production levels across all economic sectors will ensure currency stabilisation for the country. The Deputy Minister of Finance and Economic Development, Honourable Clemence…